25 million tons of unsold soybeans to rotten in storage


#1

American farmers are losing big time 7.6 billion dollar loss last year alone.

The trade war between Washington and Beijing has had a major impact on the US agricultural space over the past two years with the latest US department of agriculture (USDA) figures shining a light on the difficulties faced by farmers during the dispute.

Robert Johansson, the chief economist of the USDA said on Thursday that close to 25 million tonnes of US soybeans will go unsold in 2019, as a direct consequence of the trade war.

The United States exported 13.5 million tonnes less soybeans to China in the 2019 crop year, said Johansson. US soybean stocks have increased dramatically in the past two years as the trade war takes its toll. Johansson forecast that unsold soybean stocks will more than double to 24.8 million tonnes in 2019.


#6

25 million tons is a lot.

If you filled a pickup truck with soy beans (let’s pick a Ram 2500 which can hold 2 tons) and started filling trucks and lining them up (each taking 20 feet) the line of trucks would almost circle the earth twice at the equator. It ciphers out to be a line more than 47,000 miles long and would contain more than 12 million trucks.


#7

Wait… we were assured that Argentina would buy all those soybeans and make soybean farmers rich…


#9

The Great Negotiator.


#10

This is just all so sad.


#11

Putin threatened the US with missile strikes, not a peep from fat donald.


#12

You have an extra zero in your math, but it’s still enough to stretch coast to coast.


#13

I’m sure that’s code for something only Trump and Putin understand.


#14

I bet farmers are thrilled to bits with all this winning!


#15

I am trying to think of something that Trump has done that has been positive for American businesses.
But I’m coming up blank.


#16

American steel is happy.


#17

Yeah, I forgot How many new plants did Trump say they are building? 5, 7, 9, 12?


#18

Anyone else getting tired of all this winning?


#20

25,000,000 tons / 2 tons per truck = 12,500,000 trucks X 20 ft. per truck = 250,000,000 ft.

250,000,000 ft / 5280 ft per mile = 47,348 miles I don’t see the extra zero.


#21

Keeping the most is winning, right?


#22

Exhausted.


#23

Epic winning.

South Dakota Gov. Kristi Noem ® said Friday that President Trump’s trade wars have "devastated” her state and she urged the administration to finish trade talks with China.

“South Dakota has been devastated by the trade wars that are going on,” Noem, whose state relies heavily on agriculture, said at a conference hosted by Politico.

She noted that trade issues affect farmers but can also affect “every main street business, everybody that has another entity out there that relies on a successful ag industry.”

The GOP governor said she agreed that countries like China sometimes have unfair trading practices, but she said she wants the trade battle between Washington and Beijing to end.


#24

The deep state obviously got to her


#25

Is this the “winning” Idiot Boy spoke of?


#26

Turns out fake real estate tv tycoon clowns know nothing about commodities and international trade policy.